Sensex Clocks Longest Winning Streak In Over A Month Led By RIL
A bronze bull statue stands at the entrance to the Bombay Stock Exchange (BSE) building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Sensex Clocks Longest Winning Streak In Over A Month Led By RIL

Latest First
  • Oldest First

BQ Live

Closing Bell: Sensex, Nifty Rise For Fifth Day In A Row

India's Sensex clocked longest stretch of gains since Dec. 19 led by a rally in Reliance Industries, Kotak Mahindra Bank and Infosys.

The S&P BSE Sensex rose 0.53 percent or 192 points to 35,579 and the NSE Nifty 50 Index climbed 0.50 percent or 55 points to 10,962.

Twelve of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Realty Index's 1.2 percent decline. On the flipside, S&P BSE Energy index was top gainer, up 2.7 percent.

Mid- and small-cap shares underperformed their larger peers as the S&P BSE MidCap Index fell 0.6 percent and the S&P BSE SmallCap Index declined 0.7 percent.

Sensex Clocks Longest Winning Streak In Over A Month Led By RIL

Hindustan Zinc Struggles As Profit Declines In Q3

Shares of the Udaipur-based zinc miner fell as much as 2.92 percent to Rs 266.45 as its profit declined in December quarter.

Key earnings highlights:

  • Revenue at Rs 5,540 crore versus Rs 5,922 crore (YoY)
  • Net profit down 3.78 percent at Rs 2,211 crore versus Rs 2,298 crore (YoY)

Union Bank Falls After December Quarter Profit Misses Estimates

Shares of the Mumbai-based public sector lender fell as much as 5.24 percent, the most in over four months, to Rs 87.65 after its profit missed Bloomberg consensus estimates in December quarter.

Key earnings highlights:

  • Net interest income down 2.1 percent at Rs 2,494 crore versus Rs 2,548 crore (YoY)
  • Net profit at Rs 153.21 crore versus loss of Rs 1,249.85 crore (YoY); Bloomberg estimate of Rs 309 crore
  • Other income at Rs 1,095 crore versus Rs 873.1 crore (YoY)
  • Provisions at Rs 2,139 crore versus Rs 1,710 crore (QoQ)
  • Gross non-performing assets at 15.66 percent versus 15.74 percent (QoQ)
  • Net non-performing assets at 8.27 percent versus 8.42 percent (QoQ)

Gujarat Pipavav, JK Cement Among Stocks On Heavy Volumes

  • Shriram City Union Finance: The Chennai-based consumer finance company fell as much as 1.15 percent to Rs 1,753. Trading volume was almost 60 times its 20-day average.
  • Gujarat Pipavav: The Mumbai-based shipping port operator fell as much 2.71 percent to Rs 90. Trading volume was more than nine times its 20-day average.
  • JK Cement: The Kanpur-based cement maker rose as much as 2.4 percent to Rs 751. Trading volume was seven times its 20-day average.
  • Linde India: The Kolkata-based oxygen maker rose as much as 10.47 percent to Rs 678. Trading volume was six times its 20-day average.

HUDCO Surges After Profit Rises 27% In December Quarter

Shares of the Delhi-based commercial finance company rose as much as 10.85 percent, the most in over four months, to Rs 47.50 after its reported December quarter earnings.

Key earnings highlights:

  • Revenue from operation at Rs 1,310 crore versus Rs 1,075 crore (YoY)
  • Net profit up 27 percent at Rs 328 crore versus Rs 258.68 crore (YoY)
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.